Anil Ambani
ED raids continue for the third consecutive day in Anil Ambani’s office. Action has been intensified in the investigation of money laundering case of more than 3000 crores. Enforcement Directorate is still under investigation at industrialist Anil Ambani’s house, office, and different places. For the last 48 hours, he has been conducting raids on their offices and locations continuously, this action, which started at around 7 am on Thursday morning, is also going on on Saturday.
According to sources, this raid is being conducted at major offices in Mumbai in Reliance Anil Dhirubhai Ambani Group (RAAGA). This action is said to be related to the alleged money laundering case of more than Rs 3000 crore. However, some officials also claim that the amount of this scam can reach 24 thousand crores.
ED teams are constantly investigating the documents related to Reliance Group, scanning and transaction related to digital data. Many old cases related to Anil Ambani’s financial dealing are also being brought under the script of investigation. The ED is suspected on foreign investment, use of loan amount and activities of the companies concerned about allegations of money laundering. This action of ED has created a stir in the country’s business and political world. It is believed that there may be more big revelations in the coming days.
Group refuses allegations
Initial investigation of ED has revealed that between 2017 and 2019, a loan of about ₹ 3000 crore was allegedly misused from Yes Bank. The investigation has also revealed that just before the loan was approved, various companies of the promoters of Yes Bank received funds. Reliance said in his favor that the loans given to private companies associated with Yes Bank’s promoter by Reliance Home Finance Limited (RHFL) were given after the acceptance of the Credit Committee, under the entire process. All these loans were completely safe and they have been completely repaid with principal and interest. Currently there is no arrears.
Report-Shubham Pandey